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- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied May 15, 2020Without stop loss hunting, we couldn't trade because price would almost never move.
Forex is random
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RickM replied May 15, 2020Hi Scchplendid Yes I have a Reversal EA on Demo using the TMAtrue as it's indicator and it works well. I would suggest using on a Turning time frames like M15. Please realise the MT4 tester is totally inaccurate as a tool to determine profitability. ...
Milking Pips From EurUsd with Bots
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RickM replied May 14, 2020Hi CashBox I have followed your work in Aussie’s thread and you have improved your trading skills greatly over the last year. Your work looks good now but please don’t fall into the trap thinking you need to show large lot trade sizes to impress ...
Sam Seiden Goes DOWN
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RickM replied May 14, 2020So if we l looking at the M1 chart, we can see the action occurring when price hits these pools of limit orders in the form of four different shape grinds. Aggressive A & B or Passive A & B. I normally trade against passive A or B grinds because ...
Forex is random
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RickM replied May 14, 2020Hi HeyYou That is the issue, the marker makers know the exact size of the liquidity pools when they approach them. If they want to hold back price on a bullish move to create a fake resistance area, they attack the pool with orders that will be ...
Forex is random
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RickM replied May 13, 2020Nice image with all those issues we need to consider when trading but do all these issues really matter. Perhaps traders believe this game is far more complicated than it really is. It’s actually not and quite a very easy game to play. On a chart ...
Forex is random
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RickM replied May 13, 2020Hi Micha, great post as usual. If I could just give you my opinion on that move and why i took a trade as well. Looking at that move on EURUSD yesterday which I did Buy, I saw nothing unusual about that move. There was massive flow of orders high in ...
The Equilibrium, a key to success!
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RickM replied May 12, 2020Different shape GRINDS are created when price attacks a liquidity pool due to order density and order size from aggressive orders. Some of these have small spikes, some have small or large pullback areas but all really give away a signal of how ...
Sam Seiden Goes DOWN
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RickM replied May 12, 2020Supply and demand are just pools of passive limit orders in different amounts of density above and below current price. The key issue in trading is how dense will aggressive market orders amount too when they attack these pools. If the density of ...
Sam Seiden Goes DOWN
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RickM replied May 9, 2020I remember the first time I Skyped with George, I was so nervous I knocked the laptop clear off the table into pieces on the floor (George that is why I was fumbling around for the first 20 minutes). After that bad start, I quickly realised he was a ...
Price action at the core / tma intra day
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RickM replied May 9, 2020Hi Micha I agree with you that passive limit orders move the market and I also agree the Algo is selective in which limit orders it chooses to open. For example if the market is rising and hits a deep pool of liquidity and plans a bearish move, if ...
The Equilibrium, a key to success!
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RickM replied May 7, 2020There is a high and low on M1, you just need to spare a couple of years there learning to understand how it works. Price is fixed and Is only allowed to move a certain distance on each leg. Once you know it’s spec’s, trading is incredibly easy.
Forex is random
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RickM replied May 7, 2020Hi Zoltan Incredible trading results and lots of detail in your TE which every trader here at Forex Factory should study very closely. Impressive win rate, great profit factor - great trader Cheers
My way to highway
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RickM replied May 7, 20203 months on demo and just study the draw down figures. On Demo if it runs over 10% in draw down, delete it. On live charts the EA will run at double the draw down figures from demo charts, if you are lucky. And don't get me started on the Mt4 ...
When to take your EA to a live account?
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RickM replied May 6, 2020Start from M1 and study the action around order flow and particularly study what occurs at the turn points. Learn to spot the difference between swings and exhaustion on that time frame first or you have little chance on higher time frames. You ask ...
Forex is random
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RickM replied May 6, 2020Then stop predicting and wait for exhaustion. Now you have 80/20
Forex is random
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RickM replied May 6, 2020Hi Pierre Yes different methodologies and thought patterns behind our targets but isn't it interesting many traders come to the same answer but ask different questions. You may say that your target has been obvious since early March, I will say it ...
Real or Algo